Intrepid Potash reports net loss in first quarter

4:38 PM MDT | April 30, 2014 | Lindsay Frost

Intrepid Potash today reported results for its first quarter 2014, including a net loss of $0.4 million, compared to a gain of $14.9 million in the first quarter 2013. Earnings per share of 0 cts (nil)/share were slightly above analyst estimates of a loss of 2 cts/share, according to Thomson Reuters (New York). Sales of $98 million fell 0.4% year-over-year (YOY). "Our first quarter sales volume results underscore why we believe our strategy is the correct one,” says Bob Jornayvaz, Intrepid’s executive chairman of the board. “Through our...